A vacant 2 bedroom raised ground floor flat requiring minor refurbishment with balcony and allocated parking, located in a popular residential area of Shortlands, close to Bromley town centre providing good access to Shortlands, Bromley North and Bromley South stations and within the Valley School catchment. Ideal for owner occupation or letting investment with an estimated rent of £1500 PCM depending on condition, gross yield 8.57% PAX. Cash buyers only due to 54 year lease.
Auction
To be sold by online auction on Friday 30th August 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
99 years from 24 June 1979 - 54 years remaining.
Ground rent and service charge
Please see legal pack for further details. Ground rent: £400 PAX, service charge: £370 PAX
EPC rating
E
Council tax band
D - Bromley
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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